Vietnam's Jan-Oct FDI inflows seen rising 6.3 pct y/y to $15.1 bln
Tuesday, October 30,2018
AsemconnectVietnam - Disbursement of foreign direct investment (FDI) in Vietnam in the first 10 months of this year is estimated to rise 6.3 percent from a year earlier to $15.1 billion, the Ministry of Planning and Investment said.
Disbursement refers to the actual amount of money spent, while FDI pledges indicate the size of future disbursements.
Of the FDI pledges in the Jan-Oct period, 47.5 percent is to be invested in manufacturing and processing, while 20.4 percent will be in real estate, the ministry said. Japan was the top source of FDI pledges in the period, followed by South Korea.
Vietnam last year received a record $17.5 billion in FDI, a key source of growth for its export-driven economy. FDI this year is likely to reach a fresh record of $18 billion this year, Prime Minister Nguyen Xuan Phuc said last week.
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